Cambium Networks Corp [CMBM] stock prices are up 6.51% to $1.80 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMBM shares have gain 0.56% over the last week, with a monthly amount glided 8.43%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cambium Networks Corp [NASDAQ: CMBM] stock has seen the most recent analyst activity on October 05, 2023, when Oppenheimer downgraded its rating to a Perform. Previously, JMP Securities downgraded its rating to Mkt Perform on October 05, 2023. On August 02, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $12 on the stock. Raymond James downgraded its rating to a Outperform and decreased its price target to $26 on November 15, 2022. Barrington Research downgraded its rating to a Mkt Perform. Jefferies downgraded its rating to Hold for this stock on March 04, 2022, and downed its price target to $25. In a note dated January 28, 2022, Raymond James upgraded an Strong Buy rating on this stock but restated the target price of $35.
The stock price of Cambium Networks Corp [CMBM] has been fluctuating between $1.52 and $7.95 over the past year. Currently, Wall Street analysts expect the stock to reach $34.17 within the next 12 months. Cambium Networks Corp [NASDAQ: CMBM] shares were valued at $1.80 at the most recent close of the market. An investor can expect a potential return of 1798.33% based on the average CMBM price forecast.
Analyzing the CMBM fundamentals
The Cambium Networks Corp [NASDAQ:CMBM] reported sales of 171.53M for trailing twelve months, representing a drop of -22.83%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at -0.54%, Pretax Profit Margin comes in at -0.57%, and Net Profit Margin reading is -0.59%. To continue investigating profitability, this company’s Return on Assets is posted at -0.45, Equity is -1.26 and Total Capital is -0.69. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6200 points at the first support level, and at 1.4400 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0300, and for the 2nd resistance point, it is at 2.2600.
Ratios To Look Out For
It’s worth pointing out that Cambium Networks Corp [NASDAQ:CMBM]’s Current Ratio is 1.93. As well, the Quick Ratio is 1.37, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.00.
Transactions by insiders
Recent insider trading involved Verma Vikram, Director, that happened on Dec 06 ’23 when 1000.0 shares were purchased. Director, Verma Vikram completed a deal on Dec 07 ’23 to buy 500.0 shares. Meanwhile, Director Verma Vikram bought 1500.0 shares on Dec 05 ’23.
